Inconsistent Imposition of Retention Money
Department of Public Works and Highways · 2024
Severity: ModerateRecommendation: Unknown
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What Happened?
Category: Financial ManagementIssue: Internal Control DeficiencyThe way retention money was calculated was not consistent across projects, creating unexplained differences of over P3.6 million.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"Inconsistencies in the imposition of retention money resulted in variances totaling P3,663,612.17."